After retracing to the upside of $52,000 a few weeks ago, what Gareth Soloway, chief market strategist called a “retrace to the scene of the crime,” Bitcoin slid back down, reaching $43,600 on Monday.
Soloway had previously called the top of $52,000, which was then the neckline of a head and shoulders pattern.
Now, he is calling for a pullback to even lower levels, as low as $18,000 to $20,000 a coin, before a bounce back.
The exception to this would be if Bitcoin tops $65,000, breaking the previous all-time high; only then, would upside momentum be confirmed, Soloway told David Lin, anchor for Kitco News.
Follow David Lin on Twitter: @davidlin_TV (
Follow Gareth Soloway on Twitter: @GarethSoloway (
0:00 – Bitcoin
12:13 – Stock markets
17:21 – Gold
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34 Comments
I’m still waiting for 12k bitcoin, bitcoin currently at 104,785 😂
Great. Thanks. Why are european stocks so heavily outperform the rest of the world and the rest of the market?
Gareth was wrong, called top at 52, but it went to 67
Solloway u genius. So many comments on here not aging well
Let's go to 20 000 and lower.
Welp….. it’s the end of Jan 2022 and yup this is insanely accurate.
So how did his predictions turn out? How come he didn't short BTC based on this analysis? BC HIS BITCOIN ANALYSIS IS GARBAGE
never happened.
Paging gareth soloway….Paging Gareth soloway…
*crickets*
Truth is crypto will go up to the sky yet gold will crawl in bearish trend in the near future.
Good that I did not listen to Gareth
It's becoming too much of a crypto channel here David ..
Some reports are ok but its getting harder to find quality reporting on the metals ere when it's being diluted by all the articles with crypto pumpers claiming 10 million coins etc.. just seems trashy and scammy.
You should make another channel for crypto if that's where this is heading so you keep those who don't want to listen to the ponzi pumpers all the time.
You're a great host so I hope you don't go too far down the crypto hype hole like so many other channels.. palisades and others seem a bit more serious than this channel now and they are just small operations..
he is always wrong tho
This didn’t age well
Sitting at ALL TIME HIGHS today $66990. If you keep listening to this fool you've been losing money 🤣🤣
Invite him again now ☺️
Didn't age well lol
aaaand he was wrong on btc
Gareth forgot about the institutions that came into bitcoin. Past chart patterns are not repeatable now.
Awkward!
Gareth 🤡
Time to have Gareth back to update his erroneous Bitcoin projection. Today it is at 61,704 within striking distance of a new ATH…. well on it's way to 250k by Christmas!
I think we would call this now a "retrace to the scene of the crime that goes well beyond the scene to another scene of a crime in some far off future date"
if that 20k is going to happen, we'll start heading that way soon.
Bring this guy back and get his opinion why he was spectacularly wrong
Another loser got it all wrong!
BTC for $75K by end of this year& Control
of The Currency is already Decentralised And now the China disruption would simply
Decentralise the Mining setup for the better
The second half of the discussion (S&P 500, gold), really good.
Nope.
Yeah this aged like fresh cheese left out in Australian summer 👌
Ouch.
Gareth was WRONG AGAIN about Bitcoin price top! Just it $55k Oct 6th. He keeps changing is "top" prediction over and over, meanwhile as a trader he's missing out on a ton of gains for the better part of a year. He is SELLING his product so he deserves to be called out since he's been wrong way more than right. New viewers should NOT pay for his service. STOP PRAISING HIM!
He has been saying Bitcoin will hit 20,000 for MONTHS now! He has been wrong so many times! Great indicator to buy tho, every time Gareth says it’s going to 20k, everyone buys his rumor! Thanks Kitco!
It'll hit 65 k this week